Free cash flow in year 2027 |
£2,085,059,867 |
Terminal value in year 2027, (£2,085,059,867/[10% - 3%]) |
£29,786,569,528 |
Present terminal value discounted at 10% |
£18,495,116,161 |
Sum of present value of free cash flows |
£7,346,570,065 |
Value of company operations (£7,346,570,065 + £18,495,116,161) |
£25,841,686,226 |
+ Add cash & cash equivalents |
£3,883,000,000 |
- Less total interest-bearing debts |
£6,321,000,000 |
Business intrinsic value |
£23,403,686,226 |
Business intrinsic value per share |
£20.28 |